Nevada July casino revenues hit just under $1 billion

Despite seeing declines in table game revenues, casinos in the state of Nevada were able to bring in $998m for the month of July. Just short of the $1 billion mark, casinos earned a pretty penny for the month but figures were 1.7% less than July 2016 totals. On the bright side, the casinos of the state were able to earn more than $100,000 than June 2017, so there were some gains to be had.

The Nevada Gaming Control Board released the July totals on Wednesday showing nice gains despite the Strip seeing a revenue decline of 7.7% when compared to year-on-year totals. Casinos on the Strip brought in $565.6 million for the month.

Breaking down the totals based on individual gaming categories, slot machines earned $632.1 million for July, which was just over 5% more than the same month last year. Table games dropped significantly to $365.8 million for the month which is a 11.7% decrease. Baccarat was the worst performing game for the month having earned only $120.9 million which is a 19.6% decrease. Blackjack was down just over 12% with $100 million in earnings with roulette dropping 14.3% to $32.4 million.

Craps was able to see an increase in revenue earnings for July with $40.4 million, a rise of 19%. The World Series of Poker helped to see poker gaming increase for casinos, but only a small 1% to $12.4 million. Sportsbooks revenues were down significantly with a drop of just over 95% to $524k.

It will be interesting to see the August totals for sportsbetting in Nevada as this will include Mayweather-McGregor wagers. It will not be surprising to see the revenues increase quite a bit when comparing July to August as the sports betting handle may have pushed past the $100 million mark as wagers were placed on the historic fight.